Commodities Daily - July 26, 2018
Oil gains on bullish EIA report, Saudi suspension of Red Sea lane shipments. The supply disruption is likely to support prices - we expect Brent to target $75/bbl later in the day.Gold prices surge as dollar weakens on US-EU trade deal; ECB meeting eyed. Today's ECB decision is expected to be a nonevent and is unlikely to have a strong impact on EUR/USD or gold, which we believe will remain in the $1,225-1,235/oz range today.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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